Silver Spike Capital

Michael Pachter is the founder and leads investment strategy, alongside President Scott West and Managing Director David Grossman. The firm does not publicly name a CIO, but these three executives are the key decision-makers named in public records and regulatory filings.

Yes — the firm's mandate is exclusively the legal cannabis and hemp industry in the U.S. and Canada. It does not invest in other sectors, though investments cover cultivation, retail, real estate, and ancillary technology.

Silver Spike uses both debt and equity, including term loans, convertible notes, and direct equity stakes. It also runs a dedicated credit platform, Silver Spike Credit Management, focused on private credit for cannabis firms.

The firm's founders have deep cannabis-industry and Wall Street networks (Michael Pachter previously co-founded the cannabis-focused lender Canopy Rivers). Deals are sourced through proprietary relationships with operators, retailers, and regulatory advisors across North America.

The firm primarily makes direct investments, but it also raises and manages pooled vehicles — such as Silver Spike Credit Management's fund — which accept external limited partner commitments from institutional and accredited investors.

No — Silver Spike Capital is an SEC-registered investment adviser operating as a dedicated asset manager, not a single or multi-family office. It manages capital for third-party LPs through private funds.

The firm does not publicly disclose its capital sources. Regulatory filings indicate it manages pooled investment vehicles, suggesting institutional and high-net-worth investors. The firm itself is not a family office, so the capital is not tied to a single family fortune.